Company invests US$113 million in Angola in cooking oil and soap factory

18 July 2016

SKAC – Global Solutions will invest US$113 million in an industrial complex for refining cooking oil and processing waste into soap, under a contract signed in Luanda.

Krisne Dambi, the project’s manager, said after signing the contract with the Technical Unit for Private Investment in Angola, that the complex will have an initial daily production capacity of 100,000 litres of cooking oil and 100 tonnes of soap.

“The estimated annual production of cooking oil amounts to 220 million litres, an amount that will cover almost 50% of Angola’s domestic needs, currently estimated at 450 million litres,” said the project manager.

The start of production is planned for August 2017, with the raw material – coconut, soy and canola – imported in the first three years of operation from Malaysia, Indonesia, China, Argentina, Brazil, Russia and Poland, following which it will gradually be replaced by soy and sunflower seeds produced in Angola. (macauhub/AO)